Police Discounts: Home-Buying Perks

Police officers can access a range of discounts and deals on homes and other items. There are various programs and grants available to cover the costs of buying or selling a house, including down payment assistance and better mortgage rates. Hero Home Programs, for example, offer discounted services, rates, and home-buying assistance. There are also national housing programs, such as the Good Neighbor Next Door program, which offers 50% off the purchase price of a home in an area considered in need of revitalisation. Police officers can also access exclusive discounts across thousands of brands through verification services like ID.me, SheerID, or GovX.

Home loans for police officers

Police officers can access a variety of home loans, including conventional loans, VA loans, FHA loans, USDA loans, and location-specific home loans. These loans can help law enforcement officers cover the costs of buying or selling a house, with some programs offering a 50% discount on the list price of a home.

Conventional Loans

Some lending institutions offer special discounts and rates for police officers, especially if they are serving the local area. While this option may be more expensive, it offers the most freedom in terms of location and property type. It can be beneficial to enquire about any rate reductions for police officers or special member rates at credit unions or banks.

VA Loans

If a police officer or their spouse has served or is currently serving in the Armed Forces, including the Reserves and the National Guard, they may qualify for a VA loan. These loans are funded by the Veterans Administration (VA) and are available for those in the military or those who have served.

FHA Loans

The Federal Housing Administration (FHA) provides assistance for first-time homebuyers, particularly with covering down payments. This can include grants, which do not need to be paid back, or low-interest or interest-free loans. A minimum credit score is required to qualify for these loans. The FHA is also a useful resource for finding state, county, and city housing loans.

USDA Loans

The United States Department of Agriculture (USDA) offers loans for individuals who live and work in rural communities. These loans can provide down payment assistance for those living or planning to move to a rural area.

Location-Specific Home Loans

Every state, and even some cities, offer a variety of home loans. It is advisable to check if you qualify for these location-specific loans, which may include neighbourhoods or site-specific homes that were previously foreclosed. It is important to read the fine print and understand any stipulations, such as length of residency requirements.

Other Housing Assistance Programs

There are additional housing assistance programs and grants available specifically for police officers, including down payment assistance and better mortgage rates. Hero Home Programs, for example, offer discounted services, rates, and home-buying assistance to community heroes, including police officers. These programs are free to apply for and can provide access to special rates for affiliated services, such as carpet cleaning and appraisals.

The US Department of Housing and Urban Development (HUD) also has a Good Neighbor Next Door program, which offers up to 50% off the purchase price of a home in an area that is considered in need of revitalization. The condition of this program is that the officer must live in the house for at least three years and maintain their occupation as a police officer.

Police officers can also save money on their mortgages and down payments through various home assistance programs, such as Homes for Heroes, which works with real estate and mortgage specialists to provide savings and rewards for community heroes.

Discounted services and rates

Police officers can access various types of home loans, such as conventional loans, VA loans, FHA loans, USDA loans, and location-specific home loans. There are also housing assistance programs and grants available to police officers to help cover the costs of buying or selling a house. These programs are available to renters who want to buy a home and to those already owning a home.

Hero Home Programs, for example, offer discounted services, rates, and home-buying assistance to community heroes, including police officers. Police officers can receive free application and support services through Hero Home Programs to find the right program and achieve homeownership.

There are also national housing programs designed to save law enforcement officers money when buying a home. Many of these are available through the U.S. Department of Housing and Urban Development (HUD), including the Good Neighbor Next Door program. This program offers up to 50% off the purchase price of a home in an area considered in need of revitalization. The only stipulation is that the officer must live in the house for three years and remain in their occupation.

Additionally, police officers can access exclusive discounts across thousands of brands through verification services like ID.me, SheerID, or GovX. These services provide retail deals on everyday items, including clothing and accessories, restaurant deals, automotive discounts, travel discounts, and specific home-buying programs.

Some examples of discounts available to police officers include:

• Affliction: 15% off any purchase for active or retired service members.
• Allen Edmonds: 15% off purchases on full-priced products.
• Costco: Join and get a $20 Costco Cash Card.
• Jockey: 10% off a purchase for police officers.
• Levi's: 25% off on all apparel.
• Lululemon: 25% discount, in-store only.
• Madewell: 15% off online and in-store.
• Nike: Single-use promo code for 10% off most items.
• Under Armour: 10% discount in-store and online, with higher discounts during certain promotional periods.

Housing assistance programs and grants

There are various housing assistance programs and grants available for police officers to help cover the costs of buying or selling a house. These include down payment assistance, better mortgage rates, and home buying programs.

Hero Home Programs

Hero Home Programs offer discounted services, rates, and home buying assistance to community heroes, including police officers. They also help renters and have special programs available for first-time homebuyers. These programs are free to apply for and do not cost anything upfront.

Good Neighbor Next Door

The US Department of Housing and Urban Development (HUD) offers up to 50% off the purchase price of a home in an area considered to be in need of revitalization. The only condition is that the officer must live in the house for at least three years and remain in their profession.

Homes for Heroes

Homes for Heroes is another program that assists law enforcement with their purchase of a new home. They save money for officers by working with their local real estate and mortgage specialists.

Officer Next Door Program

The Officer Next Door Program helps all police officers, law enforcement, and support staff purchase any home on the market. They may also be eligible for the Officer Next Door Grant of up to $8,000 and additional down payment assistance of up to $10,681.

First Responder Mortgage Programs and Discounts

There are many government, state, and local homeownership benefits available for first responders, including police officers. These include the HELPER Act, which would provide more affordable home financing to local law enforcement if passed.

Conventional Mortgages

First responders can get into a home of their own with just 5% down, thanks to a conventional mortgage. This option provides a fixed rate over the life of the loan, so the payment will never increase.

Federal Housing Administration (FHA) Loans

FHA loans are government-insured and easy to qualify for, making them popular among first-time homebuyers. They allow for a low down payment amount of 3.5% and generally require a minimum FICO score of 580.

Veteran Affairs (VA) Loans

Many police officers have served in the military, so they may be eligible for VA loans. These loans do not require a down payment and, unlike FHA loans, borrowers don't have to pay for mortgage insurance.

USDA Loans

USDA loans are for those financing a property in a suburban or rural area with a population of 10,000 or fewer. They do not require a down payment and may be a good option for police officers looking to move away from the city.

Mortgage rates and discounts

Police officers can access various types of home loans, including conventional loans, VA loans, FHA loans, USDA loans, and location-specific home loans. These can help with the costs of buying or selling a house, and there are also programs to help renters get into their first home.

Hero Home Programs, for example, offer discounted services, rates, and home-buying assistance to community heroes, including police officers. They also help renters and have special programs available for first-time homebuyers. Police officers can receive free application and support services through Hero Home Programs to find the right program and achieve homeownership.

There are also housing assistance programs and grants available for police officers, including down payment assistance and better mortgage rates. Some institutions offer special discounts and rates for the local area they serve, so it is worth asking if your institution has a special rate for police officers.

The Federal Housing Administration (FHA) provides a lot of assistance for first-time homebuyers, especially when it comes to covering down payments. These vary from grants, which you don’t have to pay back, to low-interest or interest-free loans. There is a minimum credit score to qualify for these loans. The FHA is also a great resource for finding state, county, and city housing loans.

USDA loans are another option for those living or planning to move to a rural area. These loans are for anyone who lives and works in rural communities and can help with down payment assistance.

There are also various national housing programs designed to save law enforcement officers money when buying a home. Many of these are available through the U.S. Department of Housing and Urban Development (HUD), including the Good Neighbor Next Door program. This program offers up to 50% off the purchase price of a home in an area considered in need of revitalization. The only stipulation is that the officer must live in the house for three years and remain in their profession.

Homes for Heroes is another program that works with real estate and mortgage specialists to help police officers save money on a home purchase. On average, they help police officers save $3,000 after closing. They also have a large network of mortgage specialists, loan officers, and inspection specialists that can offer additional savings.

Police officers can also access exclusive discounts across thousands of brands through verification services like ID.me, SheerID, or GovX. These include retail deals, automotive discounts, travel discounts, and specific home-buying programs.

Home buying programs

There are various programs and grants available to police officers to help cover the costs of buying or selling a house. These include down payment assistance and better mortgage rates. Police officers can access various types of home loans, including conventional loans, VA loans, FHA loans, USDA loans, and location-specific home loans.

Hero Home Programs

Hero Home Programs offer discounted services, rates, and home-buying assistance to community heroes, including police officers. Police officers can receive free application and support services through Hero Home Programs to find the right program and achieve homeownership.

Homes for Heroes

Homes for Heroes is a program that works with local real estate and mortgage specialists to help police officers purchase a home. On average, police officers can save around $3,000 after closing. They also have a large network of mortgage specialists, loan officers, and inspection specialists that can provide additional savings on lender fees, title services, and home inspections.

Good Neighbor Next Door

The Good Neighbor Next Door program, offered by the US Department of Housing and Urban Development (HUD), provides up to 50% off the purchase price of a home in an area that is considered in need of revitalization. The only stipulation is that the officer must live in the house for at least three years and maintain their occupation as a police officer.

Down Payment Resource

The Down Payment Resource is a website where users can input their information, such as income, location, occupation, and veteran status, and the search engine will automatically match them with grants and programs they qualify for.

Verification Services

Police officers can also access exclusive discounts across thousands of brands through verification services like ID.me, SheerID, or GovX. These services typically require a valid ID or verification of employment status.

Frequently asked questions